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Sirius XM Holdings Inc. (SIRI)

  • Oct. 23, 2013, 12:36 PM
    • Honda (HMC -3.2%) extends a contract with Sirius XM Radio (SIRI -0.7%) to Januaury 2020.
    • The terms of the new deal will see a higher percentage of Honda vehicles have SiriusXM installed at the factory.
    | Oct. 23, 2013, 12:36 PM | Comment!
  • Oct. 10, 2013, 7:00 AM
    • Sirius XM Radio (SIRI, LMCA) announces it approved a new $2B stock repurchase program.
    • The company says cash on hand, future cash derived from operations, and potential borrowings will be used to fund the buybacks.
    • SIRI -2.6% premarket.
    | Oct. 10, 2013, 7:00 AM | Comment!
  • Sep. 24, 2013, 11:32 AM
    • Nissan (NSANY.OB) announces that Apple iTunes Radio will be offered in several new 2014 models to mark the first major deal for the service with an automaker.
    • Though the news isn't likely to move the meter on Apple too much, it could have some impact on Sirius XM radio (SIRI, LMCA) which would just as soon have deals with all the large automakers locked up.
    | Sep. 24, 2013, 11:32 AM | 4 Comments
  • Sep. 12, 2013, 6:59 AM
    • Sirius XM Radio (SIRI) faces a lawsuit from Sony, Universal, and ABKCO alleging the company used recordings from before 1972 without permission.
    • The issue revolves around a federal copyright protection law that only went into effect in 1972.
    • If Sirius were to lose the lawsuit, it opens the door for more of the same variety.
    | Sep. 12, 2013, 6:59 AM | 2 Comments
  • Sep. 4, 2013, 12:45 PM
    • Sirius XM Radio (SIRI +1.2%) signs a deal to carry programming from Fox News and Fox Business.
    • The company says the contract with 21st Century Fox (FOXA +1.1%) for access to the two channels extends out to 2019.
    | Sep. 4, 2013, 12:45 PM | 7 Comments
  • Aug. 29, 2013, 11:10 AM
    • A lawyer for a group of shareholders is making the claim that John Malone of Liberty Media (LMCA +0.6%) improperly used a $530M investment to land control of Sirius XM Radio (SIRI +0.8%).
    • The case in a nutshell: "Malone wanted to enjoy all the economic benefits of being a controlling shareholder without having any of the responsibilities."
    | Aug. 29, 2013, 11:10 AM | 9 Comments
  • Aug. 27, 2013, 7:28 AM
    • A lawsuit filed against Sirius XM Radio (SIRI) by SoundExchange alleges it was "systematically" underpaid for licensing music for the satellite radio service.
    • The royalty collection entity hopes to collect $50M from Sirius.
    | Aug. 27, 2013, 7:28 AM | 4 Comments
  • Aug. 15, 2013, 12:42 PM
    • A small overhang on shares of Sirius XM Radio (SIRI -1.2%) was removed today after the company announced it purchased a unit from Agero.
    • Though all the details of the transaction haven't been released yet, the deal price of $530 is well-below what Citi estimated the company would unload to land the telematics concern.
    • In the past, Sirius XM Radio execs have been coy on how much the firm would spend on acquisitions.
    | Aug. 15, 2013, 12:42 PM | 1 Comment
  • Aug. 15, 2013, 9:17 AM
    • Sirius XM Radio (SIRI) buys a unit of Agero that offers connected vehicles services to complement its development in the technology.
    • The $530M deal is slated to close during Q4.
    | Aug. 15, 2013, 9:17 AM | 4 Comments
  • Jul. 30, 2013, 10:28 AM
    • Sirius XM Radio (SIRI +0.1%) announces it landed an exclusive contract with Art Bell for a new late-night show.
    • The National Radio Hall of Fame member is believed to still have a significant following despite being largely absent from the airwaves over the last few years.
    | Jul. 30, 2013, 10:28 AM | 2 Comments
  • Jul. 25, 2013, 9:27 AM
    More on Sirius XM Radio's (SIRI) Q2: The company added 715,762 subscribers during the quarter as the expected boom from higher auto sales continues to feed growth. Self-pay net subscriber additions totaled over 423K. For the full year, Sirius sees revenue of over $3.7B and adjusted EBITDA of $1.14B. SIRI +2.5% premarket. (PR)
    | Jul. 25, 2013, 9:27 AM | Comment!
  • Jul. 25, 2013, 7:05 AM
    Sirius XM Radio (SIRI): Q2 EPS of $0.02 in-line. Revenue of $940M (+12% Y/Y) beats by $5.6M. (PR)
    | Jul. 25, 2013, 7:05 AM | 2 Comments
  • Jul. 9, 2013, 7:37 AM
    Sirius XM Radio (SIRI) says it added 715K net new subscribers in Q2 to take its total subscriber count to more than 25M. Based on the strong quarter, the company raises its full-year guidance for total net subscriber additions to 1.5M from its prior guidance of 1.4M. SIRI +2.3% premarket.
    | Jul. 9, 2013, 7:37 AM | 1 Comment
  • Jul. 8, 2013, 12:01 PM
    Sirius XM Radio (SIRI, LMCA) might have less to fear from Pandora and Apple than some make out due to competitive advantages the company has in place. For one, the broad Sirius XM Radio two-month free trial subscription initiated this summer is already very popular with dealers.
    | Jul. 8, 2013, 12:01 PM | 1 Comment
  • Jun. 26, 2013, 9:12 AM
    Pandora (P) +4.1%, adding to yesterday's gains (I, II), after The Verge's Greg Sandoval reports the company is talking to both music labels and artist groups about resolving royalty disputes. The report comes shortly after Pink Floyd penned an op-ed in USA Today attacking Pandora's attempts to lower rates, and less than a month after Pandora bought a radio station in an effort to lower a portion of its royalties. Pandora paid $0.11/stream last year, and is set to pay $0.13/stream next year and $0.14/stream in 2015. Content acquisition costs made up 66% of FQ1 revenue. Sirius XM's (SIRI) music costs, by comparison, made up just 7.5% of its 2012 revenue.
    | Jun. 26, 2013, 9:12 AM | 1 Comment
  • Jun. 25, 2013, 10:12 AM
    The integration of Pandora's (P +6.6%) service with in-car stereos from 23 automotive brands and 8 aftermarket vendors has led to 2.5M+ service activations, the company announces in a PR giving a lift to shares. Pandora also estimates over 1/3 of 2013 new U.S. car sales, courtesy of 100+ vehicle models, will have its service built-in. The debate over how much Pandora's rapid auto market growth affects Sirius XM (SIRI +0.5%) remains intense. Fast-growing mobile radio app developer TuneIn is also making an automotive push; Apple could do the same via iTunes Radio and its automaker deals.
    | Jun. 25, 2013, 10:12 AM | 5 Comments
SIRI vs. ETF Alternatives
Company Description
Sirius XM Holdings Inc broadcasts its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its proprietary satellite radio systems.
Sector: Services
Country: United States